Invesco and Galaxy Asset Management recently made headlines in the Bitcoin Exchange-Traded Funds (ETFs) market, as they strategically cut fees to attract investors in a competitive market.
Invesco Galaxy’s BTCO Fee Reduction Strategy
In a bid to stay competitive, Invesco Galaxy has significantly lowered the fees for their Bitcoin ETF, BTCO. The sponsor fee, initially at 0.39%, has been slashed to 0.25%, bringing it in line with industry heavyweights like BlackRock, Fidelity, and others.
Competitive Fee Landscape
The move follows a broader trend in the industry, where issuers have been racing to lower fees even before the official approval of spot Bitcoin ETFs by the Securities and Exchange…
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